Occidental Petroleum Corporation (OXY)
Debt-to-capital ratio
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Total stockholders’ equity | US$ in thousands | 34,159,000 | 34,674,000 | 32,053,000 | 30,811,000 | 30,250,000 | 29,312,000 | 29,111,000 | 29,559,000 | 30,085,000 | 28,720,000 | 27,830,000 | 24,907,000 | 20,327,000 | 18,873,000 | 18,244,000 | 18,300,000 | 18,573,000 | 19,860,000 | 23,346,000 | 31,295,000 |
Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $34,159,000K)
= 0.00
Occidental Petroleum Corporation's debt-to-capital ratio has consistently remained at 0.00 over the time period from March 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt in relation to its capital structure during this period. A debt-to-capital ratio of 0.00 typically indicates that a company is primarily funded by equity rather than debt. It suggests that Occidental Petroleum has not used debt financing as a significant part of its capital structure, which may be viewed positively by investors and creditors as it signifies lower financial risk.
Peer comparison
Dec 31, 2024
See also:
Occidental Petroleum Corporation Debt to Capital (Quarterly Data)